President Cyril Ramaphosa on Wednesday threw his weight behind finance minister Tito Mboweni’s contentious economic growth strategy document, putting him on a collision course with his main backers from the Left.

Delivering his opening remarks at the first meeting of the presidential economic advisory council at Tuynhuys in Cape Town, Ramaphosa said if implemented, the reforms will go a long way to restore confidence and credibility. He said the proposed initiatives would provide hope that average economic growth could be lifted.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.